Clayton woman charged with embezzling from HOAs
Posted December 13, 2016
Garner, N.C. — Police on Tuesday arrested the owner of a homeowners association management company suspected of stealing as much as $800,000 from dozens of area HOAs.
Diana Ellis Kelly, 54, of Clayton, has been indicted on 25 counts of embezzlement and was released from the Wake County jail after posting a $500,000 bond.
Twenty-five HOAs from across the Triangle filed complaints this summer with the Garner Police Department or the Consumer Protection Division of the state Attorney General’s Office after accounts were found drained and checks started bouncing. Accounts for all of the HOAs were, at some point, maintained by Kornerstone Community Management in Garner, which Kelly owned and operated.
Kornerstone shut down in August.
Police searched the company's offices and Kelly's home, seizing boxes of financial records, which financial crimes experts from the State Bureau of Investigation combed through before the case was presented to a Wake County grand jury this week.